Intellus Advisors LLC Invests $402,000 in General Electric (NYSE:GE)

Intellus Advisors LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,412 shares of the conglomerate's stock, valued at approximately $402,000.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its holdings in General Electric by 0.4% during the fourth quarter. Sei Investments Co. now owns 1,049,868 shares of the conglomerate's stock valued at $175,106,000 after buying an additional 3,840 shares during the period. American Century Companies Inc. boosted its position in General Electric by 51.8% during the 4th quarter. American Century Companies Inc. now owns 299,935 shares of the conglomerate's stock valued at $50,026,000 after acquiring an additional 102,319 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in shares of General Electric by 45.9% in the 4th quarter. Mizuho Securities USA LLC now owns 102,577 shares of the conglomerate's stock valued at $17,109,000 after acquiring an additional 32,265 shares during the period. Quantbot Technologies LP bought a new position in shares of General Electric in the 4th quarter worth $6,095,000. Finally, Millstone Evans Group LLC bought a new stake in General Electric during the fourth quarter valued at about $868,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on GE. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a "neutral" rating for the company. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company increased their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $211.31.

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General Electric Stock Performance

GE traded up $1.59 during midday trading on Tuesday, hitting $211.82. 1,867,016 shares of the company were exchanged, compared to its average volume of 5,160,599. The firm has a market capitalization of $227.34 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company's 50 day simple moving average is $199.41 and its 200 day simple moving average is $185.47. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 1-year low of $133.99 and a 1-year high of $212.76.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be given a $0.36 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio is 24.04%.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.